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Netflix Is A GIGANTIC Win For Carl Icahn

Julia La Roche

Shares of Netflix are soaring in after-hours trading after the company released an earnings announcement that crushed analysts' expectations.  

Netflix posted a profit of 13 cents earnings per share in the fourth-quarter.  Analysts were looking for a net loss of 13 cents.

The stock was last up more than 24 percent in the after-hours session. 

This is also a big win for billionaire investor Carl Icahn

On November 19, 2012, Icahn Associates disclosed that owned 4,291,066 shares, or a 9.98 percent stake, according to data compiled by Bloomberg.

"Carl Icahn became a 10 percent investor last quarter at approximately $58 per share.  We have no further news about his intentions, but have had constructive conversations with him about building a more valuable company," Netflix said in its 8K filing with the SEC. 

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